Brokerages Set Gibson Energy Inc. (TSE:GEI) Target Price at C$27.11

Shares of Gibson Energy Inc. (TSE:GEI) have been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$27.11.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Jefferies Financial Group boosted their price objective on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Royal Bank of Canada increased their price objective on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, CIBC lifted their target price on Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th.

Insider Buying and Selling

In related news, Director Curtis Philippon purchased 40,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. 0.85% of the stock is owned by insiders.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$24.58 on Friday. Gibson Energy has a twelve month low of C$20.03 and a twelve month high of C$26.10. The stock’s 50 day moving average is C$23.72 and its 200-day moving average is C$22.90. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The firm has a market capitalization of C$4.00 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy’s dividend payout ratio is presently 154.72%.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.